AG Mortgage Investment Trust, Inc. (MITT) Balance Sheet
MITT balance sheet, 2025
December 31, 2025 · U.S. dollars$8.71B assets = $8.15B liabilities + $560.7M equity
Both columns are drawn to the same scale: what MITT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MITT financial health
Descriptive bands, not a rating. Fiscal 2025.
MITT balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.63B2016 | $8.71B2025 | +14.2%/yr | |
| Total liabilities | $1.97B2016 | $8.15B2025 | +17.1%/yr | |
| Shareholders’ equity | $655.9M2016 | $560.7M2025 | −1.7%/yr | |
| Cash & short-term investments | $52.5M2016 | $76.3M2025 | +4.3%/yr | |
| Total debt | $1.90B2016 | $8.10B2025 | +17.5%/yr | |
| Net cash (debt) | −$1.85B2016 | −$8.02B2025 | −$6.2B | |
| Working capital | $59.3M2016 | −$750.1M2025 | −$809.4M | |
| Book value per share | $70.392016 | $18.052025 | −14.0%/yr | |
| Current ratio | 35.532016 | 0.092025 | −35.44 | |
| Debt / equity | 2.902016 | 14.452025 | +11.54 | |
| Shares outstanding | 9.3M2016 | 31.1M2025 | +14.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MITT assets
MITT liabilities and equity
MITT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MITT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $76.3M | $118.9M | $111.5M | $84.6M | $68.1M | $47.9M | $81.7M | $31.6M | $15.2M | $52.5M |
| Cash & equivalents | $76.3M | $118.7M | $111.5M | $84.6M | $68.1M | $47.9M | $81.7M | $31.6M | $15.2M | $52.5M |
| Short-term investments | — | — | $1.3M | $71.1M | $231,000 | — | $2.3M | $11.5M | $24.7M | $22.7M |
| Receivables | $47.9M | $6.48B | $30.6M | $21.4M | $16.1M | $3.9M | $15.2M | $24.8M | $13.5M | $13.1M |
| Inventory | $0 | $0 | −$1.3M | −$1.2M | −$230,999 | $1 | −$2.3M | −$1.7M | −$2.1M | −$3.7M |
| Other current assets | $0 | $54.8M | $1.3M | $50.9M | $230,999 | $0 | $2.3M | $1.7M | $1.3M | $0 |
| Total current assets | $76.3M | $6.66B | $142.1M | $155.7M | $84.2M | $51.8M | $96.9M | $56.4M | $27.8M | $61.0M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | −$632.7M | −$723.9M | −$3.55B | −$172.0M | −$222.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $3.2M | $17.8M | $26.6M | $5.1M | $412,648 |
| Long-term investments | $89.7M | $82.8M | $62.8M | $114.8M | $2.73B | $600.1M | $574.1M | $3.17B | $3.63B | $2.45B |
| Other non-current assets | $8.55B | $172.2M | $5.92B | $4.10B | $551.4M | $1.38B | $4.38B | $3.85B | $295.1M | $342.0M |
| Total assets | $8.71B | $6.91B | $6.13B | $4.37B | $3.36B | $1.40B | $4.35B | $3.55B | $3.79B | $2.63B |
| Liabilities | ||||||||||
| Accounts payable | $36.0M | $28.3M | $23.9M | $14.1M | $3.9M | $53.3M | $12.0M | $19.9M | $7.6M | $2.6M |
| Short-term debt | $826.4M | $742.4M | $692.5M | $621.2M | $1.78B | $63.1M | $111.5M | $2.82B | $3.00B | $1.90B |
| Deferred revenue | — | — | $743.7M | −$607.1M | −$1.77B | — | — | −$2.71B | −$40.9M | −$45.7M |
| Total current liabilities | $826.4M | $782.4M | $726.1M | $23.4M | $3.9M | $116.4M | $123.5M | $19.9M | $1.5M | $1.7M |
| Long-term debt | $8.10B | $6.33B | $5.56B | $3.88B | $2.78B | $919.2M | $3.46B | $2.82B | $450,208 | $2.9M |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.9M | $3.07B | $1.97B |
| Total liabilities | $8.15B | $6.37B | $5.60B | $3.91B | $2.78B | $990.3M | $3.50B | $2.89B | $3.08B | $1.97B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $317,000 | $296,000 | $294,000 | $212,000 | $239,000 | $414,000 | $327,000 | $287,000 | $281,927 | $277,002 |
| Retained earnings (deficit) | −$500.5M | −$501.7M | −$516.1M | −$536.5M | −$446.8M | −$518.1M | −$85.9M | −$100.9M | −$32.8M | −$81.9M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | $0 | −$294,000 | $462.8M | $570.4M | $409.7M | $0 | $656.0M | $714.3M | $655.9M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $560.7M | $543.4M | $528.4M | $462.8M | $585.8M | $409.7M | $849.0M | $656.0M | $714.3M | $655.9M |
| Key figures | ||||||||||
| Total debt | $8.10B | $6.33B | $5.56B | $3.88B | $4.55B | $982.3M | $3.57B | $2.83B | $3.00B | $1.90B |
| Net cash (debt) | −$8.02B | −$6.21B | −$5.45B | −$3.80B | −$4.49B | −$934.4M | −$3.49B | −$2.80B | −$2.99B | −$1.85B |
| Working capital | −$750.1M | $5.88B | −$584.0M | $132.2M | $80.3M | −$64.6M | −$26.6M | $36.5M | $26.3M | $59.3M |
| Tangible book value | $560.7M | $543.4M | $528.4M | $462.8M | $585.8M | $406.5M | $831.3M | $629.4M | $709.2M | $655.5M |
| Book value per share | $18.05 | $18.41 | $25.04 | $20.22 | $36.08 | $34.93 | $79.10 | $69.32 | $76.85 | $70.39 |
| Shares outstanding | 31.1M | 29.5M | 21.1M | 22.9M | 16.2M | 11.7M | 10.7M | 9.5M | 9.3M | 9.3M |
| Current ratio | 0.09 | 8.51 | 0.20 | 6.64 | 21.51 | 0.44 | 0.78 | 2.83 | 17.99 | 35.53 |
| Quick ratio | 0.15 | 8.44 | 0.20 | 4.52 | 21.51 | 0.44 | 0.78 | 2.83 | 18.54 | 38.20 |
| Debt / equity | 14.45 | 11.65 | 10.53 | 8.39 | 7.78 | 2.40 | 4.20 | 4.32 | 4.21 | 2.90 |
| Equity / assets | 6.4% | 7.9% | 8.6% | 10.6% | 17.4% | 29.3% | 19.5% | 18.5% | 18.8% | 25.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $61.6M | $49.3M | $76.3M | $59.0M | $100.2M | $115.5M | $118.7M | $102.5M | $120.9M | $100.3M | $125.6M | $139.3M |
| Cash & equivalents | $61.6M | $49.3M | $76.3M | $59.0M | $100.2M | $115.5M | $118.7M | $102.5M | $120.9M | $100.3M | $125.6M | $139.3M |
| Short-term investments | — | — | — | — | — | — | — | −$11.7M | $689,000 | $739,000 | $1.3M | $885,000 |
| Receivables | $7.43B | $44.7M | $47.9M | $48.8M | $40.8M | $37.6M | $34.9M | $35.6M | $36.5M | $32.3M | $30.6M | $24.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$689,000 | $5.4M | −$1.3M | $139.3M |
| Other current assets | $0 | $34.4M | $0 | $17.8M | — | — | $0 | $0 | $6.19B | $5.89B | $0 | $0 |
| Total current assets | $61.6M | $128.4M | $76.3M | $125.7M | — | — | $118.7M | $102.5M | $6.35B | $6.03B | $142.1M | $118.7M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $86.9M | $91.7M | $89.7M | $81.2M | $64.6M | $81.4M | $82.8M | $71.0M | $119.0M | $102.8M | $62.8M | $230.5M |
| Other non-current assets | $7.79B | $8.07B | $8.55B | $8.77B | $7.40B | $7.24B | $6.71B | $6.79B | $635.4M | $265.4M | $5.92B | $4.53B |
| Total assets | $7.94B | $8.29B | $8.71B | $8.98B | $7.46B | $7.32B | $6.91B | $6.96B | $7.10B | $6.40B | $6.13B | $4.88B |
| Liabilities | ||||||||||||
| Accounts payable | $31.8M | $33.2M | $36.0M | $36.9M | $33.2M | $27.4M | $28.3M | $25.2M | $26.2M | $22.5M | $23.9M | $20.1M |
| Short-term debt | $96.9M | $850.2M | $826.4M | $96.3M | $843.5M | $806.8M | $742.4M | $789.6M | $984.9M | $382.9M | $767.6M | $565.9M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$316.4M | −$756.5M | $743.7M | −$545.8M |
| Total current liabilities | $96.9M | $897.6M | $826.4M | $51.5M | $892.1M | $846.6M | $782.4M | $826.9M | $984.4M | $417.4M | $801.1M | $598.2M |
| Long-term debt | $7.34B | $7.70B | $8.10B | $8.36B | $6.88B | $6.74B | $6.33B | $6.38B | $6.53B | $5.83B | $5.56B | $4.40B |
| Other long-term liabilities | $0 | $0 | $0 | $1.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $7.39B | $7.74B | $8.15B | $8.42B | $6.93B | $6.78B | $6.37B | $6.42B | $6.57B | $5.86B | $5.60B | $4.43B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $318,000 | $317,000 | $317,000 | $317,000 | $297,000 | $297,000 | $296,000 | $295,000 | $295,000 | $295,000 | $294,000 | $202,000 |
| Retained earnings (deficit) | −$515.4M | −$516.8M | −$500.5M | −$501.2M | −$509.1M | −$501.5M | −$501.7M | −$504.9M | −$511.4M | −$505.1M | −$516.1M | −$542.8M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | −$220.5M | −$220.5M | −$220.5M |
| Total shareholders' equity | $546.0M | $544.4M | $560.7M | $559.8M | $536.4M | $543.9M | $543.4M | $540.1M | $533.5M | $539.6M | $528.4M | $450.4M |
| Key figures | ||||||||||||
| Total debt | $7.34B | $7.70B | $8.10B | $8.36B | $6.88B | $6.74B | $6.33B | $6.38B | $6.53B | $5.83B | $5.56B | $4.40B |
| Net cash (debt) | −$7.28B | −$7.65B | −$8.02B | −$8.30B | −$6.78B | −$6.62B | −$6.21B | −$6.28B | −$6.41B | −$5.73B | −$5.44B | −$4.26B |
| Working capital | −$35.2M | −$769.2M | −$750.1M | $74.1M | — | — | −$663.7M | −$724.4M | $5.36B | $5.62B | −$659.0M | −$479.4M |
| Tangible book value | $546.0M | $544.4M | $560.7M | $559.8M | $536.4M | $543.9M | $543.4M | $540.1M | $533.5M | $539.6M | $528.4M | $450.4M |
| Book value per share | $17.17 | $17.15 | $18.05 | $18.02 | $18.07 | $18.32 | $18.36 | $18.30 | $18.10 | $18.30 | $23.13 | $22.28 |
| Shares outstanding | 31.8M | 31.7M | 31.1M | 31.1M | 29.7M | 29.7M | 29.6M | 29.5M | 29.5M | 29.5M | 22.8M | 20.2M |
| Current ratio | 0.64 | 0.14 | 0.09 | 2.44 | — | — | 0.15 | 0.12 | 6.45 | 14.45 | 0.18 | 0.20 |
| Quick ratio | 77.35 | 0.10 | 0.15 | 2.09 | 0.16 | 0.18 | 0.20 | 0.17 | 0.16 | 0.32 | 0.19 | 0.27 |
| Debt / equity | 13.45 | 14.14 | 14.45 | 14.94 | 12.82 | 12.39 | 11.65 | 11.82 | 12.23 | 10.80 | 10.53 | 9.76 |
| Equity / assets | 6.9% | 6.6% | 6.4% | 6.2% | 7.2% | 7.4% | 7.9% | 7.8% | 7.5% | 8.4% | 8.6% | 9.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
MITT financial position
At the end of fiscal 2025 (December 31, 2025), AG Mortgage Investment had total assets of $8.7 billion (up 26.0% from a year earlier), total liabilities of $8.2 billion and shareholders' equity of $560.7 million. It held $76.3 million in cash and short-term investments against $8.1 billion of debt, net debt of $8.0 billion. Its current ratio was 0.09. In the latest quarter (ended June 30, 2026) total assets were $7.9 billion and equity $546.0 million.
Related: MITT income statement, MITT cash flow statement, MITT key metrics. See the MITT stock overview for the latest quote and news.
MITT balance sheet FAQ
What are AG Mortgage Investment's total assets?
AG Mortgage Investment reported total assets of $8.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.9 billion a year earlier.
How much debt does AG Mortgage Investment have?
AG Mortgage Investment had $8.1 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 14.45.
How much cash does AG Mortgage Investment have?
AG Mortgage Investment held $76.3 million in cash and short-term investments at the end of fiscal 2025; with $8.1 billion of debt that is net debt of $8.0 billion.
What is AG Mortgage Investment's book value?
AG Mortgage Investment's shareholders' equity (book value) was $560.7 million at the end of fiscal 2025, or $18.05 per share.
What is AG Mortgage Investment's current ratio?
AG Mortgage Investment had current assets of $76.3 million and current liabilities of $826.4 million, a current ratio of 0.09 (current liabilities exceed current assets).